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Side-by-side financial comparison of P10, Inc. (PX) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.
ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $81.0M, roughly 1.4× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs -0.7%, a 12.4% gap on every dollar of revenue. On growth, ZIPRECRUITER, INC. posted the faster year-over-year revenue change (0.6% vs -4.7%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $7.6M). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% CAGR vs -4.4%).
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
PX vs ZIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $81.0M | $111.7M |
| Net Profit | $9.5M | $-835.0K |
| Gross Margin | — | 89.1% |
| Operating Margin | 31.9% | 3.6% |
| Net Margin | 11.7% | -0.7% |
| Revenue YoY | -4.7% | 0.6% |
| Net Profit YoY | 79.0% | 92.3% |
| EPS (diluted) | $0.08 | $-0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $81.0M | $111.7M | ||
| Q3 25 | $75.9M | $115.0M | ||
| Q2 25 | $72.7M | $112.2M | ||
| Q1 25 | $67.7M | $110.1M | ||
| Q4 24 | $85.0M | $111.0M | ||
| Q3 24 | $74.2M | $117.1M | ||
| Q2 24 | $71.1M | $123.7M | ||
| Q1 24 | $66.1M | $122.2M |
| Q4 25 | $9.5M | $-835.0K | ||
| Q3 25 | $2.1M | $-9.8M | ||
| Q2 25 | $3.4M | $-9.5M | ||
| Q1 25 | $4.5M | $-12.8M | ||
| Q4 24 | $5.3M | $-10.8M | ||
| Q3 24 | $1.4M | $-2.6M | ||
| Q2 24 | $7.0M | $7.0M | ||
| Q1 24 | $5.0M | $-6.5M |
| Q4 25 | — | 89.1% | ||
| Q3 25 | — | 89.1% | ||
| Q2 25 | — | 89.3% | ||
| Q1 25 | — | 89.4% | ||
| Q4 24 | — | 89.6% | ||
| Q3 24 | — | 89.4% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 89.1% |
| Q4 25 | 31.9% | 3.6% | ||
| Q3 25 | 14.1% | -4.4% | ||
| Q2 25 | 24.4% | -5.9% | ||
| Q1 25 | 16.6% | -10.6% | ||
| Q4 24 | 26.9% | -3.6% | ||
| Q3 24 | 11.9% | -2.8% | ||
| Q2 24 | 23.7% | 7.6% | ||
| Q1 24 | 18.3% | -0.7% |
| Q4 25 | 11.7% | -0.7% | ||
| Q3 25 | 2.8% | -8.5% | ||
| Q2 25 | 4.7% | -8.5% | ||
| Q1 25 | 6.7% | -11.7% | ||
| Q4 24 | 6.2% | -9.7% | ||
| Q3 24 | 1.9% | -2.2% | ||
| Q2 24 | 9.8% | 5.7% | ||
| Q1 24 | 7.6% | -5.3% |
| Q4 25 | $0.08 | $-0.03 | ||
| Q3 25 | $0.02 | $-0.11 | ||
| Q2 25 | $0.03 | $-0.10 | ||
| Q1 25 | $0.04 | $-0.13 | ||
| Q4 24 | $0.05 | $-0.10 | ||
| Q3 24 | $0.01 | $-0.03 | ||
| Q2 24 | $0.06 | $0.07 | ||
| Q1 24 | $0.04 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $28.2M | $188.0M |
| Total DebtLower is stronger | $373.2M | — |
| Stockholders' EquityBook value | $403.5M | $-77.2M |
| Total Assets | $928.3M | $569.7M |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.2M | $188.0M | ||
| Q3 25 | $40.0M | $211.8M | ||
| Q2 25 | $33.4M | $203.5M | ||
| Q1 25 | $74.4M | $221.1M | ||
| Q4 24 | $67.5M | $218.4M | ||
| Q3 24 | $61.5M | $225.6M | ||
| Q2 24 | $31.2M | $271.7M | ||
| Q1 24 | $29.0M | $282.5M |
| Q4 25 | $373.2M | — | ||
| Q3 25 | $393.4M | — | ||
| Q2 25 | $373.0M | — | ||
| Q1 25 | $357.2M | — | ||
| Q4 24 | $319.8M | — | ||
| Q3 24 | $319.4M | — | ||
| Q2 24 | $300.6M | — | ||
| Q1 24 | $314.0M | — |
| Q4 25 | $403.5M | $-77.2M | ||
| Q3 25 | $396.8M | $-76.1M | ||
| Q2 25 | $388.9M | $-65.9M | ||
| Q1 25 | $374.3M | $-11.3M | ||
| Q4 24 | $386.9M | $13.4M | ||
| Q3 24 | $394.1M | $13.6M | ||
| Q2 24 | $396.9M | $24.4M | ||
| Q1 24 | $400.1M | $12.7M |
| Q4 25 | $928.3M | $569.7M | ||
| Q3 25 | $936.0M | $573.6M | ||
| Q2 25 | $932.2M | $592.4M | ||
| Q1 25 | $877.4M | $629.4M | ||
| Q4 24 | $869.3M | $664.1M | ||
| Q3 24 | $857.0M | $652.0M | ||
| Q2 24 | $823.2M | $665.3M | ||
| Q1 24 | $832.8M | $662.4M |
| Q4 25 | 0.93× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 0.96× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 0.83× | — | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.78× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $23.0M | $7.7M |
| Free Cash FlowOCF − Capex | $18.1M | $7.6M |
| FCF MarginFCF / Revenue | 22.3% | 6.8% |
| Capex IntensityCapex / Revenue | 6.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.1M | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.0M | $7.7M | ||
| Q3 25 | $-8.6M | $2.6M | ||
| Q2 25 | $13.4M | $10.5M | ||
| Q1 25 | $-4.7M | $-9.9M | ||
| Q4 24 | $101.0M | $12.5M | ||
| Q3 24 | $27.5M | $9.3M | ||
| Q2 24 | $34.8M | $21.9M | ||
| Q1 24 | $11.0M | $2.0M |
| Q4 25 | $18.1M | $7.6M | ||
| Q3 25 | $-9.5M | $2.2M | ||
| Q2 25 | $11.6M | $10.2M | ||
| Q1 25 | $-6.0M | $-10.2M | ||
| Q4 24 | $96.6M | $12.0M | ||
| Q3 24 | $25.2M | $9.2M | ||
| Q2 24 | $33.9M | $21.7M | ||
| Q1 24 | $10.7M | $1.9M |
| Q4 25 | 22.3% | 6.8% | ||
| Q3 25 | -12.6% | 1.9% | ||
| Q2 25 | 15.9% | 9.1% | ||
| Q1 25 | -8.9% | -9.3% | ||
| Q4 24 | 113.6% | 10.8% | ||
| Q3 24 | 34.0% | 7.8% | ||
| Q2 24 | 47.7% | 17.6% | ||
| Q1 24 | 16.2% | 1.6% |
| Q4 25 | 6.0% | 0.1% | ||
| Q3 25 | 1.2% | 0.3% | ||
| Q2 25 | 2.5% | 0.3% | ||
| Q1 25 | 1.9% | 0.3% | ||
| Q4 24 | 5.2% | 0.4% | ||
| Q3 24 | 3.0% | 0.2% | ||
| Q2 24 | 1.3% | 0.1% | ||
| Q1 24 | 0.4% | 0.1% |
| Q4 25 | 2.43× | — | ||
| Q3 25 | -4.01× | — | ||
| Q2 25 | 3.96× | — | ||
| Q1 25 | -1.05× | — | ||
| Q4 24 | 19.12× | — | ||
| Q3 24 | 19.54× | — | ||
| Q2 24 | 4.98× | 3.12× | ||
| Q1 24 | 2.18× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
